IGN.com / 17h44

Ubisoft Cancels 6 Projects Including Prince of Persia: Sands of Time Remake, Closes 2 Studios and Confirms Further Layoffs in Major Company Restructure

Ubisoft has announced a sweeping company restructure that will result in the cancelation of six games including its Prince of Persia: Sands of Time remake, and a delay to a further seven titles. Two Ubisoft studios will be closed completely as a result of the changes, while others will be subject to further layoffs.
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Other sources

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  GamesRadar.com 21.01.26

  Ubisoft hits major reset button, cancels 6 games including Prince of Persia remake, delays 7 more reportedly including Assassin's Creed: Black Flag remake, and confirms 4 new IP
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  Polygon.com 21.01.26

  Prince of Persia: Sands of Time remake canceled amid wider Ubisoft shakeup